The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-18
LAST WEEKS GAIN In BUSINESS
In THIRTY-EIGaT CITIES
Shows an Increase OF IL Per Cent.
Over the Previous Week-There
Is Ne Scarcity OF Money.
r. g. DUN e. COPS REVIEW OF
BUSINESS.
Those Who Intended the Disasters
In Wheat and Ceffee Are the
Only Sufferers.
Ic.,nusrOxDEsoE OF THE APPEAL


over the previous week. Business
generally lie on the increase. Finan
ciers are endesvoring to make thu
impression that a Fcarcity OF money
ia imminent and that a stringency
will be developed in short time
The probabilities are the other way
The manufacturers throughout tht
country are running full time, with I
few exceptions. The jobbers aDC
business men generally are able to re
port an improving demand for nearly
all lines OF goods. There ia a back
Tardness shown when II comes Il
placing large orders for fall delivery
The great bulk OF buyers have it IL
their heads that with our enormouI
producing capacity depression IN
prices ia more probable than an sd
vance. Manufacturers, on the o.heI
hand, argue among themselves that
the enormous consumptive capacity
Of the country ought to, and they be-
lieve will, strengthen prices by the
opening Of the fall trade. At the same
time, there ia not such degree Of
confidence on this point as to enable
them TO hold together and ask good
prices.
In the iron trada dullness has been
the characteristic feature for two or
three weeks past. The steel rail
makers are al exception. Within two
weeks the contracts that have been
placed will aggregate 10000 tons, and
aka IL ~
that new buyers Of large let's will be
obliged TO 20 abroad. The bar mills
are running full time. Pig iron pro-
duction has been reduced 10000 tons
per week. The resumption of coke
making will increase the capacity just
that much. The structural iron mills
are very largely oversold and are not
able to accept all the contracts that
are offered TO them. The nailmRkers
Of the country have machines enough
10 make two kegs OF nails for every
one that Ia wanted. The plate iron
mills are better off, but prices are too
low 70 induce oil mills TO run. GEN
orally speaking, the iron and steel
makers anticipate q very busy year
beginning July ISL.
The boot and shoe manufacturers,
Notwithstanding their serious labor
troubles In New England, are having
an excellent year, but on small mar
gins. Leather OF all kinde, from mo-
rocco up, continues in abundant sup.
ply, and sells down low. The ship
ments OF boots and shoes out OF Bos-
ton since January 1st foot up l,l59, III
cases, which Is about the same ne
this time last year. The volume of
business at New York ia up one week
and down the next. At Philadelphia
the volume 10 steadily maintained. At
Cincinnati the Southern trade helps
to keep things active. At Chicago
business Of all kinds has been very
heavy. At Louisville the staple
products Of that city are In active de-
mAnd, aud building material is doing
well. In st. Louis all staples and
lines OF goods are moving along as
IL always does in sight OF a big
harvest. In Kansas City the grain
market has been the dulleBt for the
season, bat in building material 1t is
very active. In st. Paul there is an
increased movement In all lines
traders and manufacturer are gener.
ally out Of debt. Iu Minneapo is rail-
roed construction has developed a
good deal oil new territory, aud bust.
ness is good. In Denver, Col, all
seasonable goods are selling well.
The general crops are favorable. All
the leading railroad lines are earning
good dividends, aud construction il
now beginning to assume it's largt
midsummer proportions. Construc
ton from this out will likely run from
forty to fifty miles day.
The coffee epecuators have come L
gief. The sugar spectators woulC
ike to try 1t, but are afraid. The DIR,
goods manufacturers, particularly ii
all lines into which cotton enters ar
very busy. The manufacturers O
woolen and wOrsled ore going slowl,
until the seasons demand shows Ii
self. The buyers Of carpets are noy
on the market, aud will continue thei
next six month"; buying within tn
next thirty dsys. In upholstery good
the prospects are that the mills vii
book as much business during tn
next three weeks as they can turn on
between now and January.
The production Of anthracite b
luminous coal 10 being pushed TO noa
ly the iull capacity of the mines. |
anthracite we are ahead of last yer
1,228,479 tons. In bituminous ther
is en- extraordinary demand through
out the East. On both planp price
will be advanced 10 cents per ton, [
take effect July Let.
Organized labor will in a short tim
be divided up into national organic
tionE, each 81 which will attend to n
own aaails, This will 20 to strengthe
rather than weaken the labor NOV,
ment, and will enable each trade [
better look after it's own affairs tina
II dozen crafts were mixed topethe
Five national labor unions hel
meetings last week, iron workers, mil
era, machinery constructors and sho,
makers. A dtzsn more national cor
yentious Of labor will be held durin
the mex. two or three weeks. The
willIepresent about 800 men.
New railroad centers are being hui
up in the Yves, and South. Four MOI
railroads will soon pass through A
lRnts, Ga. Jay Gould ia building
new railroad town in the West. Raj
road shop labor is In sotiye deman,
Wages are improving through d,
mends of workman and through n,
cessitiee Of employers.
Small houses are in demand in n
parts OF the country. Capitalists N
sides building railroads are giving a
tenhon to echemes involving lsrS
house building. Another iayorab
indication 10 that large amount
morey Is moving from Eastern stat,
to Western, where the tate of none
ia high. This movement ia haviT
even q better effect upon the We
than the outflow Of capital.
Hundreds OF little industries a,
springing up all over the West an
Sonth inviting manufacturing capt.
and labor, sud the friendly invit
tiOus are being accepted.
A great number Of gss wells a
being bored in Ohio, Indiana an
soms farther Western States. III
utilization Of natural gas will in
short time ha tpufnld what Il ia no,